Nextleaf Solutions (TSE:OILS) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Nextleaf Solutions Ltd. has announced a record second-quarter revenue of $3.4 million, a 57% increase from the previous year, with notable growth in product innovation leading to nine new launches. The company saw a significant year-over-year improvement in Adjusted EBITDA, turning a previous loss into a positive $554,638, and also reported a reduction in its CRA liability. This financial success is coupled with strong sales performance in cannabis softgel and THC oil products, and the introduction of a new line of THC-infused pre-rolls, signaling robust market expansion and strong employee commitment as evidenced by staff electing to receive shares over cash compensation.
For further insights into TSE:OILS stock, check out TipRanks’ Stock Analysis page.
